The latest CNBC|SurveyMonkey Small Business Survey shows that small business owners felt little positive impact from recent stock market highs and their views continue to be shaped by inflation fears.
Between rising costs for groceries and fuel, increased debt levels, and shrinking savings, people are having trouble seeing the overall economic growth reflected in their bank accounts. Our recent research with CNBC showed that thefor Q2 2024 shows that small business owners are feeling little impact from stock market highs and are worried they will be left behind by policymakers who are more concerned with what happens on Wall Street than on Main Street.
The majority of small business owners surveyed say they've experienced no benefits from this year's stock market performance. In fact, few believe that Wall Street has had a positive or negative impact on their business. It isn't that Wall Street harms small businesses. It simply isn't a presence in their day-to-day lives.
When it comes to business policy-making, most small business owners agree that they have little say in this. Again, this sentiment is shared across party lines: 91% of Republican business owners are concerned about having no voice in business policy-making, as are 82% of Democrats and 88% of independents. This is even though 99% of all businesses in the United States are small businesses.
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